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How do you spend $40 million?

DIXON – Have ideas on how the city should spend $40 million it is expecting to receive as a result of the Rita Crundwell scandal?

Area residents will have the opportunity to make their suggestions public.

The city announced it would hold a town hall meeting on the subject at 6 p.m. Thursday in the basement at Loveland Community House, 513 W. Second St.

Last week, the city reached a $40 million out-of-court settlement with its former auditors and bank, which local officials blamed for allowing Crundwell, Dixon’s former comptroller, to steal nearly $54 million over more than two decades.

The city will get another $10 million, which is expected from the federal government from the sale of Crundwell’s assets.

About $10.3 million of the settlement will go toward legal fees.

At the town hall, Mayor Jim Burke will make the opening remarks. Police Chief Danny Langloss, who temporarily is the special assistant to the City Council, will then review organizational changes at City Hall and present the city’s new financial controls.

Finance Director Paula Meyer will present financials and talk about the city’s debt, including bonds and other obligations. Meyer said last week she would like to pay down the city’s debt and address deferred maintenance projects throughout the city.

The public will then be given a chance to ask questions and make suggestions.

“The bottom-line criteria for the council is to make decisions based on what is in the best interest of the taxpayers,” the mayor said in a statement.